In this episode of the Moneymatics Podcast, I discuss Dave Ramsey's Seven Baby Steps and how they can be adapted for a European context. The conversation covers the importance of paying off debts, the relevance of emergency funds, and the differences in financial planning between the US and Europe. I emphasizes the need for a tailored approach to financial independence, considering factors like low-interest student loans and the availability of free education in many European countries. The episode concludes with insights on investing and the importance of giving back to the community.Chapters00:00 Introduction to Dave Ramsey's Seven Baby Steps01:22 Emergency Fund: The First Baby Step03:19 2nd baby step: Paying off your debts05:14 3rd baby step: Fully funded emergency fund07:33 Step four: Retirement savings. 15 % or not?10:05 Investing Strategies for Europeans11:56 Baby step 6: Pay off your mortgage early14:01 Baby step 7: Give generously#Daveramsey #sevenbabysteps

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